Sunday, July 2, 2017

INCOME TAX RELIEF

A few days ago I read in the newspaper that there has been an appeal to government to reduce income tax i r o single working girls. It was suggested that lower rates may be made applicable to them.

This set me thinking that even pensioners also need this relief. On retirement income of a pensioner becomes 50% of what his salary was. Even dearness allowance which he was getting becomes less as it is calculated on basic pay / pension. Family commitments like marriages of daughters/sons, taking care of old parents, other such social obligations etc etc of a pensioner do not become less. Thus I feel that income tax on pension should be 50% of what it is on salary while in service, if not waved off completely.

09:25:30 PM

About Me

63 years old grandfather who believes that children should be given their due. Have been more of a friend than father to my children and would keep the same for their children. Offer to show options to those youngsters who feel confused but they have to take their own decisions.
Kindly visit my other space too, if you find time at
o3.indiatimes.com/niceguy251